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Specific Devise
A specific devise is a devise of a distinct piece of real estate to a certain person or persons. It is analogous to a specific legacy A specific legacy (or specific bequest) is a Testamentary disposition, testamentary gift of a precisely identifiable object, distinguished from all other things of the same kind — such as, a Gift (law), gift of a particular piece of Jewellery, jew ..., but is limited (by the word "devise") to real estate. Furthermore, the testator intends for that very particular property and only that property to satisfy the devise. For example, a specific devise might be "my house on 2006 Fake Street." References Wills and trusts {{law-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Will And Testament
A will or testament is a legal document that expresses a person's ( testator) wishes as to how their property (estate) is to be distributed after their death and as to which person ( executor) is to manage the property until its final distribution. For the distribution (devolution) of property not determined by a will, see inheritance and intestacy. Though it has at times been thought that a "will" historically applied only to real property while "testament" applied only to personal property (thus giving rise to the popular title of the document as "last will and testament"), the historical records show that the terms have been used interchangeably. Thus, the word "will" validly applies to both personal and real property. A will may also create a testamentary trust that is effective only after the death of the testator. History Throughout most of the world, the disposition of a dead person's estate has been a matter of social custom. According to Plutarch, the written will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Specific Legacy
A specific legacy (or specific bequest) is a Testamentary disposition, testamentary gift of a precisely identifiable object, distinguished from all other things of the same kind — such as, a Gift (law), gift of a particular piece of Jewellery, jewelry. See also * Specific devise * Testator * Will (law) References Common law Inheritance Wills and trusts {{Law-term-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
